Jim Cramer Says “Walmart’s Among the Best in the Business”

WMT -1.20% ^SPX +1.55%

Walmart Inc. (NYSE:WMT) is one of the stocks Jim Cramer recently offered insights on. Cramer made some positive comments about the stock and the company’s quarter, as he commented:

“This stock was already one of the best performers in the group, but its valuation got a little stretched, trading around 40 times earnings, and longtime CEO Doug McMillon plans to retire, pass the baton to the head of Walmart US in February. Turns out there was nothing to worry about at all. When Walmart reported this morning, it blew away the numbers… When you put it all together, it’s no wonder the world’s largest retailer saw its stock surge more than 6% today, although it was actually down at one point in the early morning, making it the best-performing in the S&P 500.

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Walmart Inc. (NYSE:WMT) operates retail stores, warehouse clubs, and online platforms that sell groceries, everyday essentials, home goods, apparel, electronics, and more.

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Disclosure: None. This article is originally published at Insider Monkey.